Accounts Payable Accountant

Position Overview

We are seeking a detail-oriented and experienced Accounts Payable Accountant to join our dynamic finance team in Jeddah. This full-time, on-site role is critical to ensuring the accurate and timely processing of supplier transactions, maintaining strong vendor relationships, and upholding the integrity of our financial records. The ideal candidate will possess a strong foundation in accounts payable operations, exceptional analytical skills, and a commitment to compliance with accounting standards and tax regulations. This position plays a pivotal role in supporting our organization’s financial health by managing supplier payments, resolving discrepancies, and contributing to efficient financial processes.

Key Responsibilities

The Accounts Payable Accountant will be responsible for a wide range of financial and administrative duties, including:

• Invoice Processing and Verification: Receive, review, and verify supplier invoices to ensure they are accurate, complete, and supported by necessary documentation, such as purchase orders and goods receipt notes. Validate approvals in accordance with company policies before processing payments.
• Payment Management: Prepare and process payment requests, schedules, and transfers to ensure suppliers are paid in a timely manner while adhering to internal controls and financial guidelines. Maintain organized records of all payment transactions.
• Supplier Account Reconciliation: Perform regular reconciliations of supplier accounts and statements to identify and resolve discrepancies. Follow up on outstanding invoices, credit notes, and unresolved balances to maintain accurate financial records.
• Cross-Departmental Collaboration: Work closely with Procurement, Finance, Warehouse, and other departments to verify the receipt of goods and services, address invoice discrepancies, and ensure compliance with internal controls and procurement policies.
• Month-End and Year-End Closing Support: Assist in month-end and year-end closing activities by preparing accruals, performing account reconciliations, and recording necessary journal entries to ensure financial accuracy and compliance with accounting standards.
• Tax and Regulatory Compliance: Support VAT compliance and other applicable tax requirements in Saudi Arabia, ensuring that all financial transactions are recorded and reported accurately in accordance with local regulations.
• Process Improvement and Audit Support: Maintain organized and confidential financial records, support internal and external audits, and contribute to the enhancement of accounts payable processes and controls to improve efficiency and accuracy.
• Documentation and Reporting: Prepare and maintain accurate records of all accounts payable transactions, ensuring proper classification and recording in the general ledger. Assist in generating reports as required for management review.

Qualifications and Skills

To excel in this role, candidates must meet the following requirements:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. A minimum of four (4) years of relevant professional experience is required, or a Master’s degree in Accounting with a minimum of two (2) years of relevant experience.
• Technical Expertise: Strong knowledge of accounts payable processes, including invoice processing, supplier reconciliations, payment procedures, and account maintenance. Proficiency in ERP and accounting systems, along with advanced Microsoft Excel skills, is essential.
• Analytical and Problem-Solving Skills: Ability to review supplier invoices, verify supporting documents, and resolve discrepancies with a high level of accuracy and attention to detail. Strong numerical and analytical skills are required to manage multiple priorities effectively.
• Communication and Coordination: Excellent verbal and written communication skills to liaise with suppliers, internal departments, and stakeholders. Ability to work collaboratively in a team environment while maintaining confidentiality and adhering to company policies.
• Compliance and Integrity: Commitment to maintaining high ethical standards, accuracy, and confidentiality in all financial transactions. Familiarity with accounting principles, journal entries, general ledger accounts, and VAT regulations in Saudi Arabia is highly desirable.
• Industry Experience: Previous experience in manufacturing, Fast-Moving Consumer Goods (FMCG), beverage, or water industries is preferred, though candidates from other industries with relevant accounts payable experience will also be considered.

Why Join Us?

As an Accounts Payable Accountant, you will play a vital role in ensuring the financial stability and operational efficiency of our organization. This position offers the opportunity to contribute to meaningful financial processes, work with a collaborative team, and develop your skills in a dynamic and professional environment. If you are a detail-oriented professional with a passion for accuracy and compliance, we encourage you to apply and become an integral part of our finance team.